Based on FASB ASC Topic 810 on consolidation, answer the following questions:

1). Explain what are protective noncontrolling rights, and what are substantive participating noncontrolling rights.

2) what noncontrolling rights overcome the presumption that all majority-owned investees should be consolidated?

3). P Company purchases 70% of the voting rights of S company with the remaining 30% noncontrolling interest held by S' former owners, who negotiated the following noncontrolling rights: a). Any new debt above $1 million must be approved by the 30% noncontroling shareholders. b). any dividends or other cash distributions to owners in excess of customary historical amounts must be approved by the 30% noncontrolling shareholders. According to the FASB ASC, what are the issues in determining whether P should consolidate A or report the investment under the equity method?